A METHOD AND SYSTEM FOR USING AN APPLICATION PROGRAMMABLE SMART CARD FOR FINANCIAL TRANSACTIONS IN MULTIPLE COUNTRIES

摘要

The present invention relates to a smart card (101) for financial transactions that can be programmed to operate using a variety of applications. The cart includes an interpreter (103) that interfaces the smart card and an automatic teller machine (109, 111) or merchant terminal (107, 108). The card includes a plurality of application modules each of which contain application programming that can be used by the interpreter to manage the card-to-system interface. At least one of the application modules (104, 105) can be reprogrammed to provide application programming for the interpreter that is compatible with the locally prevalent application program used by the automatic teller machines and card terminals in the area where the cardholder is traveling.